I'm now starting to look around for opportunities to acquire more properties in popular tourist areas.

Have the PM discuss his poor payment history and let him know the PM is willing to help him find alternative rental space and allow him to leave the lease early, leave the home in good condition and give him a token $250 cash for keys.

Alternatively, you can find many people who can be accountability partners here on BP too, or a mentor! 

It was popular for a few years but it's starting wane.

What I Learned About Life by Becoming a LandlordAnyone else catch this on Popular Mechanics?

Your parents should also consider transferring the property to a revocable trust with you named as an alternate beneficiary.  

These are often also popular with cashflow-focused REI, as they tend to be lower appreciation, but higher cashflow, markets.

But typically rolling over old 401k into a new 401k is not a good idea because you can rollover into an IRA instead and have more control and investment choices than your current 401k offers.You can also rollover into self-directed IRA and then invest in alternative assets.

Hello Jennifer: relax, sit back, and start looking at alternatives.

In your situation, where tenants useing too much water,   is upsetting you,  it might pay for you to consider  some alternative  ways of having your tenants pay for their own water.